Oct. 30--A Marin County judge awarded $36.8 million in restitution Thursday to 34 families defrauded by a defunct Santa Rosa financial services firm whose founder is serving a 10-year prison sentence.

The ruling represents a remarkable victory for investors in AGA Financial, who for years had been told there was little hope they would recoup any of their millions...Read More

BHUBANESWAR: In a major embarrassment to the scam-tainted Naveen Patnaik Government, Biju Janata Dal (BJD)’s Banki MLA Pravat Tripathy was arrested by the Central Bureau of Investigation (CBI) for his alleged links with Artha Tatwa (AT) Group in the multi-hundred crore chit fund scam.

Tripathy, who became the first ruling party leader to be formally charged...Read More

New Delhi: Former Telecom Minister A Raja, MP Kanimozhi, DMK supremo M Karunanidhi’s wife Dayalu Ammal and 16 others on Friday were put on trial in a 2G scam related case by a special court which observed that charges of money laundering are prima facie made out against all of them.

Special CBI Judge O P Saini framed charges under section 120B (criminal con...Read More

More than a year after it passed an Act to protect the interests of small depositors who were duped of their savings by chit fund firms, Orissa government has announced a 5-member committee headed by additional chief secretary of finance to determine the quantum of compensation to be doled out to the victims.

With the CBI probe into the chit fund scam landing at ...Read More

New Delhi: CBI will soon examine some Reserve Bank of India (RBI) officials in connection with the Saradha scam probe as it has found certain instances for which clarification is needed from authorities in the bankers' bank.

CBI sources said that Saradha had not been operating as a Non-Banking Finance Company, hence RBI had hardly any role in regulating its o...Read More

BHUBANESWAR: Opposition Congress and BJP on Saturday said Banki MLA Pravat Tripathy's arrest by CBI exposed the BJD government's active collusion in the chit fund scam.

Addressing the media here, the Odisha Pradesh Congress Committee (OPCC) president Jayadev Jena said it is becoming clear that the government had handed over cooperative movement in the sta...Read More

The complainants met the Police Commissioner and officials from Economic Offences Wing, and the case has now been transferred to state-unit CID

An online work-from-home company has allegedly duped a software professional, along with 50 people, to the tune of Rs 10 crore. The complainants recently met Police Commissioner, Satish Mathur and officia...Read More

Who wouldn't want to work from home, possibly in their pajamas, rather than deal with the stress of a commute and the inflexibility of a normal corporate schedule? Unfortunately, scammers know this, and create opportunities that are anything but. If you're interested in telecommuting full-time, but aren't lucky enough to have an employer who would consider a WFH arran...Read More

More Americans are working from home, but sorting through the listings and finding a legitimate business opportunity can sometimes feel like looking for a needle in a haystack.

That’s why it’s important to beware of schemes that promise big bucks for very little work.

In one recent case, a California company was shut down and ordered ...Read More

Marc Faber, editor and publisher of “The Gloom, Boom & Doom Report”, spoke with Bloomberg TV’s Trish Regan today. He commented on Bill Gross’ remarks about deflation and explained why he thinks Japan is engaged in a Ponzi Scheme. He also spoke on oil prices and the midterm elections.

Faber said that Japan is “engaged in a Ponzi s...Read More